Surpasses 100 Euros per Megawatt-Hour for First Time in Four Years
European gas topped 100 euros per megawatt-hour for the first time in four years as energy prices stayed elevated amid multiple conflicts.
Event / Energy
France Energy Price Crisis
French natural gas prices increase by 6.6% on November 1st, 2026, continuing monthly increases driven by international energy market tensions. Household heating costs rising 8.3%, with cumulative increases of 42.4% since January.
4 reported locations
Daily activity
3 articles2 articles
2026-10-10 to 2026-10-29 · UTC publication dates
Coverage begins 10 Oct, 19:06 UTC
Follow the documented timeline or explore the related reporting.
What happened
Diesel pump prices in France exceed 2.35 euros per litre
Diesel pump prices in France rose above 2.35 euros per litre in the months leading up to late October 2026, contributing to a social crisis in the country.
Oil and gas prices remain elevated amid conflicts in Ukraine, the Middle East and a war involving the United States, Israel and Iran
Oil and gas prices remain high in late October 2026 amid conflicts in Ukraine and the Middle East, including a war between the United States and Israel on one side and Iran on the other. Strikes on energy installations and refineries in Ukraine, Russia and the Middle East have tightened diesel supply.
TotalEnergies shares rise 0.9% to 84 euros in Paris trading
At about 9:50 Paris time on 29 October 2026, TotalEnergies shares rose 0.9% to 84 euros, compared with a 0.69% gain for the CAC 40 index at the same time.
NGOs plan Paris rally near National Assembly to demand taxation of superprofits
The NGOs 350.org, Action Justice Climat Paris and Attac France planned a rally near the National Assembly in Paris on the morning of 29 October 2026 to demand taxation of superprofits and fossil fuel company profits to fund public services, the ecological transition and household support.
TotalEnergies Refining-Chemicals segment records about 3.6 billion dollars in net result
The Refining-Chemicals segment of TotalEnergies recorded a net result of about 3.5 to 3.6 billion US dollars in the third quarter of 2026, compared with 687 million dollars a year earlier. Refinery throughput volumes rose by about 10%.
TotalEnergies confirms 2.5 billion dollar share buyback for current quarter and announces same amount for Q1 2027
TotalEnergies confirmed a share buyback programme of 2.5 billion US dollars for the current quarter and announced an identical 2.5 billion dollar buyback for the first quarter of 2027.
TotalEnergies chief executive says fuel price cap would end if profits are surtaxed
Chief executive Patrick Pouyanné stated that the fuel price cap at French service stations would stop in the event of a surtax on the group's profits.
French government spokesperson urges TotalEnergies to pass on lower oil prices
French government spokesperson Maud Bregeon, speaking on BFMTV, asked TotalEnergies to be exemplary and to pass on to consumers the benefit of the lower price of barrels.
TotalEnergies Integrated LNG adjusted operating result reaches 1.9 billion dollars
The Integrated LNG segment of TotalEnergies posted an adjusted net operating result of 1.9 billion US dollars in the third quarter of 2026, more than double the prior-year level. The average selling price of LNG rose by about 20%.
European gas price exceeds 100 euros per megawatt-hour for first time in four years
European gas prices rose above 100 euros per megawatt-hour on Wednesday, 28 October 2026, for the first time in four years.
TotalEnergies posts record third-quarter 2026 profit of about 8.3 billion dollars
TotalEnergies announced a record third-quarter 2026 net profit of about 8.3 billion US dollars, more than double the 3.7 billion dollars of the third quarter of 2025. Sources differ on the exact figure: some give 8.3 billion dollars, while another gives 9.1 billion dollars (about 8.15 billion euros) in adjusted net income, up 127% from 4 billion a year earlier and above an analyst consensus of 8.3 billion dollars.
TotalEnergies caps diesel at 2.25 euros per litre at its French stations
TotalEnergies caps the price of diesel at 2.25 euros per litre and also caps gasoline prices at its roughly 3,300 French service stations. The company estimates the cost of this cap at about 500 million euros.
French households using gas for heating face 8.3% price increase
Households in France that use gas for heating will face an 8.3% price increase starting November 1st, 2026, while households using gas only for cooking and water heating will see a 6.7% increase. Over 6 million households out of 10.31 million total natural gas contracts have market-indexed pricing agreements and will be most immediately affected by the increases.
Cumulative gas price increase in France reaches 42.4% since January 2026
Since January 2026, the cumulative increase in natural gas prices for French consumers has reached 42.4%, according to Hello Watt co-founder Sylvain Le Falher. This represents the combined effect of multiple monthly increases through October and the announced November increase.
French natural gas reference price to increase 6.6% on November 1st
The gas reference sales price (PRVG) in France will increase by 6.6% on average starting November 1st, 2026. This follows previous increases of 5.6% in September and 6.3% in October. The price increase is occurring amid energy market tensions related to the conflict involving the United States and Israel against Iran. The price is used by energy suppliers as a reference to establish their commercial offers and includes energy costs and subscription fees.
Read the coverage
2 alternative perspectives
TotalEnergies Reports Record Third-Quarter Profit as Superprofit Tax Debate Grows
TotalEnergies reported a record third-quarter 2026 profit of about $8.3 billion as NGOs prepare a Paris rally demanding superprofit taxation.
French heating bills set to rise sharply as gas prices climb further
French gas heating costs jump 8.3% November 1st, adding to 42.4% year-to-date price increases.